The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2705001) under the Infrastructure Bond Programme was held today (13 May).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were offered today. A total of HK$6.660 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 4.44. The highest spread accepted is 0.20%.
Hong Kong Monetary Authority
13 May 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 1-year HONIA-indexed Floating Rate Notes:-
| Tender Date | : | 13 May 2026 |
|---|---|---|
| Issue Number | : | 01GH2705001 |
| Stock Code | : | 4202 (HKGB FRN 2705) |
| Issue and Settlement Date | : | 14 May 2026 |
| Tenor | : | 1 year |
| Maturity Date | : | 14 May 2027 |
| Amount Applied | : | HK$6.660 billion |
| Amount Allotted | : | HK$1.5 billion |
| Bid-to-Cover Ratio* | : | 4.44 |
| Highest Spread Accepted | : | 0.20% |
| Average Spread Accepted | : | 0.18% |
| Pro-rata Ratio | : | About 86% |
| Average Tender Spread | : | 0.44% |
* Calculated as the amount of notes applied for over the amount of notes issued.
Hong Kong Monetary Authority
13 May 2026